China’s housing curbs will remain ‘tight,’ Shui On’s Lee says

The Chinese government’s curbs on the housing market will remain “tight” this year, preventing transactions and prices from rebounding significantly, according to Shui On Land Ltd., the developer controlled by Hong Kong billionaire Vincent Lo.
“The volume of transactions has increased and sentiment is improving, but any substantial turnaround is unlikely,” said Freddy Lee, chief executive officer of Shanghai-based Shui On, in an interview in Singapore yesterday. “I feel that prices will maintain where they are for a while.”……………………………………….Full Article: Source